Qualitas Real Estate Income Fund Announces Estimated AUD 0.01130900 Per Unit Distribution for July 2026

Details of Qualitas Real Estate Income Fund’s July 2026 Distribution and Important Dates

On 1 July 2026, Qualitas Real Estate Income Fund notified the market of its estimated monthly distribution of AUD 0.01130900 per fully paid ordinary unit for the financial period ending 31 July 2026. This figure is provisional, with the final confirmed distribution scheduled for release on 14 July 2026.

Key dates for investors include the ex-date on 6 July 2026, requiring unitholders to hold units before this date to qualify for the distribution. The record date is 7 July 2026, and the payment date is set for 15 July 2026. These dates align with QRI’s established monthly distribution timetable designed to provide investors with steady cash flow from its real estate debt investments.

Explanation of the Estimated Distribution and Timing of Final Confirmation

Investors should note that the AUD 0.01130900 per unit figure is an estimate, not the finalized amount. The fund has confirmed that the actual distribution will be announced one day prior to payment, on 14 July 2026. This practice aligns with income funds that calculate distributions based on the actual net income generated during the relevant period.

While the estimate serves as a useful guide for income planning, unitholders and prospective investors should recognize that the final amount may vary slightly. The announcement did not provide details on the estimation methodology beyond the per-unit figure in the Appendix 3A.1 form. Investors relying on this income for cash flow should consider the 14 July 2026 announcement as definitive.

Overview of QRI’s Dividend Reinvestment Plan for the July Distribution

The Dividend Reinvestment Plan (DRP) is available for this distribution, allowing eligible unitholders to reinvest their distributions into additional QRI units rather than receiving cash. If no election is made, unitholders will receive the distribution in cash by default.

The deadline to submit DRP elections is 5:00 PM (AEST) on Wednesday, 8 July 2026. The DRP discount rate for this distribution is 0.0000%, meaning no discount applies to the reinvestment price. The DRP price will be the lesser of: (1) the most recent weekly Net Tangible Asset (NTA) price released to the ASX before the record date, or (2) the average price of units acquired on the ASX under the DRP during the Board-determined period. This dual pricing method aims to provide unitholders with a fair reinvestment price reflecting current market and asset values.

Franking Status of the July 2026 Distribution

The July 2026 distribution is 100% unfranked, meaning no franking credits will be attached. This is typical for distributions from managed investment schemes and real estate income funds in Australia, which generally do not pay franked dividends like corporate entities.

Australian resident investors should consider their individual tax circumstances and the fund’s underlying tax components for the unfranked distribution. The announcement does not mention any conduit foreign income or special tax attributes. Investors with tax questions should consult their financial or tax advisers.

QRI’s Monthly Distribution Model and Its Appeal to Income Investors

Qualitas Real Estate Income Fund operates as a real estate debt income fund, providing investors with regular monthly income derived from a portfolio of real estate loans and debt investments. This monthly distribution schedule differentiates QRI from equity-focused real estate investment trusts (REITs), which typically pay quarterly or semi-annual dividends. The monthly payments are especially attractive to investors seeking predictable and consistent income streams.

The July 2026 estimated distribution of AUD 0.01130900 per unit continues this trend. If twelve similar monthly payments were made annually, the total would approximate AUD 0.13571 per unit. However, distribution amounts fluctuate monthly based on income generated, and no forward guidance was provided in this announcement. The company did not disclose portfolio metrics, loan book size, or future distribution commentary.

No Regulatory Approvals Required Ahead of July Distribution Payment

The company confirmed that no external regulatory approvals are necessary before the distribution payment on 15 July 2026. Specifically, approvals from security holders, courts, ASIC, ACCC, FIRB, or other bodies are not applicable. This ensures the payment schedule is free from regulatory delays or contingencies.

This clear regulatory status provides unitholders with certainty that the distribution will be paid as scheduled, supporting income planning.

Actions Required by QRI Unitholders Before the 8 July 2026 DRP Election Deadline

Current unitholders wishing to participate in the DRP must submit their election by 5:00 PM on Wednesday, 8 July 2026. Those who do not elect will receive the distribution in cash by default. Unitholders who previously participated should confirm their election status, as processes may vary between distributions.

New investors or those who purchased units recently should verify their holdings as of the record date, 7 July 2026, to confirm eligibility. Units acquired on or after the ex-date, 6 July 2026, do not qualify for this distribution. Investors should contact their broker or the fund’s registry to confirm their DRP election and any account-specific requirements.

Role of Weekly NTA Pricing in Determining QRI’s DRP Reinvestment Price

A key feature of QRI’s DRP is the use of a weekly Net Tangible Asset (NTA) price as one of two benchmarks for the reinvestment price. The DRP price will be the lesser of the most recent weekly NTA published to the ASX before the record date or the average price of units acquired under the DRP during the Board’s set period. This approach links the reinvestment price to the fund’s underlying asset values, a common trait in closed-end real estate debt funds.

Because the underlying portfolio consists of periodically valued real estate debt investments, the DRP reinvestment price may differ from the market trading price of QRI units on the ASX. The company did not specify the DRP price for this distribution in the update, noting it will be confirmed closer to the record date.

Share Price Implications Following the July Distribution Announcement

The immediate share price impact was not evident from public information at the time of the update. Distribution announcements like this are routine for income-focused funds such as QRI. Market reaction will depend on factors including the distribution size relative to expectations, conditions in the Australian real estate debt sector, and overall investor sentiment toward income securities around the ex-date.

Unit prices for income funds typically adjust on the ex-date to reflect the distribution value being separated from the unit price. This adjustment is standard market behavior and does not indicate a loss in investment value but reflects income distribution previously factored into the unit price. The next important event for investors is the confirmation of the final distribution amount on 14 July 2026, followed by payment on 15 July 2026.